Its only a matter of time before OAU announces to the ASX its Resource upgrade along with further announcements including sending its Crown Prince deposit by its Truck loads of 4.1g/t GOLD via 33km sealed road to WGX Blue Bird Mill for processing next year as announced a few days ago by WGX. Clearly this is going to happen for ORA GOLD as it's been announced by WGX only two days ago increasing its production of Gold to close to double production from year 2024 to 2025. Check out WGX Announcement 16/09/2024 8.24 am half way down Page 2 talking about the extra Feed from ORA GOLD.
Alex Passmore CEO of ORA GOLD said just 6 weeks ago in a July JMM Noosa Investor Lunch (See video on You Tube) expected much more than $70,000,000 per annum based on GOLD prices in July to be produced and as announced in the Argonaut Research on Ora Gold (OAU) dated 7th June. We know how much Gold per oz has moved up since July so exciting times ahead for ORA Gold shareholders especially when OAU is trading for less than one cent today.
Alex just might be right when you look at WGX announcing on the ASX two days ago they plan on increasing production from 220,000-235,000 oz FY in 2024 to FY 2025 Production guidance increasing to 400,000-420,000 oz with the help of ORA Gold in 2H 2025.
ORA GOLD CONTRIBUTES to WGX FY25 Production Guidance Lifts to 400-420Koz
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Last
0.9¢ |
Change
0.001(12.5%) |
Mkt cap ! $64.28M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.9¢ | $72.89K | 8.099M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 10309375 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 10693710 | 11 |
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| Last trade - 15.43pm 26/09/2024 (20 minute delay) ? |
| OAU (ASX) Chart |